VSHY vs. BSJR

Last updated Jun 4, 2026

VSHY (Virtus Newfleet Short Duration High Yield Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. VSHY is actively managed, while BSJR is passively managed. Over the past year, VSHY returned 6.40% vs 4.78% for BSJR. A 0.70 correlation means they provide meaningful diversification when combined. VSHY charges 0.40%/yr vs 0.42%/yr for BSJR.

Performance

VSHY vs. BSJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSHY achieves a 1.75% return, which is significantly higher than BSJR's 1.11% return.

VSHY

• 1D: -0.19%
• 1M: 0.37%
• YTD: 1.75%
• 6M: 1.74%
• 1Y: 6.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSJR

• 1D: -0.09%
• 1M: 0.05%
• YTD: 1.11%
• 6M: 1.70%
• 1Y: 4.78%
• 3Y*: 7.78%
• 5Y*: 3.37%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSHY vs. BSJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	1.75%	6.87%	8.03%	3.76%
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	1.11%	7.41%	7.15%	2.87%

Correlation

The correlation between VSHY and BSJR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.70

The correlation between VSHY and BSJR has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

Return for Risk

VSHY vs. BSJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSHY

VSHY Risk / Return Rank: 65
VSHY Sharpe Ratio Rank: 56
VSHY Sortino Ratio Rank: 61
VSHY Omega Ratio Rank: 60
VSHY Calmar Ratio Rank: 74
VSHY Martin Ratio Rank: 73

BSJR

BSJR Risk / Return Rank: 78
BSJR Sharpe Ratio Rank: 68
BSJR Sortino Ratio Rank: 78
BSJR Omega Ratio Rank: 75
BSJR Calmar Ratio Rank: 80
BSJR Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSHY vs. BSJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	VSHY	BSJR	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.27	-0.38
Sortino ratio: Return per unit of downside risk	2.84	3.51	-0.66
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	3.70	4.13	-0.42
Martin ratio: Return relative to average drawdown	13.84	19.02	-5.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSHY vs. BSJR - Sharpe Ratio Comparison

The current VSHY Sharpe Ratio is 1.89, which is comparable to the BSJR Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of VSHY and BSJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VSHY	BSJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.27	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	0.43	+1.45

Drawdowns

VSHY vs. BSJR - Drawdown Comparison

The maximum VSHY drawdown since its inception was -4.55%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for VSHY and BSJR.

Drawdown Indicators

	VSHY	BSJR	Difference
Max Drawdown Largest peak-to-trough decline	-4.55%	-22.58%	+18.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.73%	-1.16%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.37%	—
Current Drawdown Current decline from peak	-0.33%	-0.27%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.42%	-3.25%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	0.25%	+0.21%

Volatility

VSHY vs. BSJR - Volatility Comparison

Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) has a higher volatility of 1.32% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.57%. This indicates that VSHY's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSHY	BSJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	0.57%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	1.45%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	2.12%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.40%	6.73%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.40%	9.37%	-4.97%

VSHY vs. BSJR - Expense Ratio Comparison

VSHY has a 0.40% expense ratio, which is lower than BSJR's 0.42% expense ratio.

Dividends

VSHY vs. BSJR - Dividend Comparison

VSHY's dividend yield for the trailing twelve months is around 6.41%, more than BSJR's 5.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF	5.75%	6.19%	6.75%	6.48%	5.37%	4.49%	4.53%	1.20%
VSHY Virtus Newfleet Short Duration High Yield Bond ETF	6.41%	6.14%	6.81%	1.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSHY and BSJR in my portfolio?

VSHY and BSJR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSHY or BSJR?

VSHY has higher volatility (1.32%) compared to BSJR (0.57%). In terms of maximum drawdown, VSHY dropped -4.55% vs BSJR's -22.58%.

Which ETF is better, VSHY or BSJR?

On 1-year performance, VSHY leads with 6.40% vs 4.78% for BSJR. On fees, VSHY is cheaper at 0.40% per year. On volatility, BSJR has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSHY or BSJR?

Over the 1-year period, VSHY has performed better with a 6.40% return vs 4.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSHY or BSJR?

VSHY is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJR.

Which ETF pays a higher dividend yield, VSHY or BSJR?

VSHY has the higher dividend yield at 6.41%, compared with 5.75% for BSJR.

What is the main difference between VSHY and BSJR?

They also come from different issuers: Virtus and Invesco. Their fees differ too: 0.40% for VSHY and 0.42% for BSJR.

Which has better risk-adjusted returns?

BSJR currently has the higher Sharpe Ratio (2.27 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.